T.M.T. PARTNER: what changed
T.M.T. PARTNER
Largest movements
- Deferred charges and accrued income +€53,630
up €53,630 (+192%), from €27,970 to €81,600
- Tangible fixed assets -€28,746
down €28,746 (-47.4%), from €60,599 to €31,853
- Receivables within one year -€10,203
down €10,203 (-3.6%), from €282,019 to €271,816
of which Trade receivables: -€67,402
- Cash -€6,660
down €6,660 (-59.9%), from €11,124 to €4,464
mainly Deferred charges and accrued income (-€53,630) and Debts after one year (-€16,261)
- Trade debts +€26,923
up €26,923 (+18.6%), from €144,718 to €171,641
- Debts after one year -€16,261
down €16,261 (-65.3%), from €24,908 to €8,647
- Profit (loss) carried forward -€9,889
down €9,889 (-5.8%), from €171,214 to €161,325
- Tax, wage and social debts +€6,146
up €6,146 (+7.9%), from €77,649 to €83,795
of which Remuneration and social security: +€7,578
- Gross operating margin -€49,550
down €49,550 (-9.8%), from €503,252 to €453,702
- Staff costs -€28,405
down €28,405 (-6.6%), from €428,799 to €400,394
- Depreciation +€13,468
up €13,468 (+55.7%), from €24,178 to €37,646
- Other operating charges +€11,401
up €11,401 (+1,217%), from €937 to €12,338
- Taxes -€8,534
down €8,534 (-94.0%), from €9,077 to €543
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €534,879 | €542,900 | +€8,021 | +1.5% |
| Fixed assets | 21/28 | €213,766 | €185,020 | -€28,746 | -13.4% |
| Tangible fixed assets | 22/27 | €60,599 | €31,853 | -€28,746 | -47.4% |
| Furniture and vehicles | 24 | €60,599 | €31,853 | -€28,746 | -47.4% |
| Financial fixed assets | 28 | €153,167 | €153,167 | = | 0.0% |
| Current assets | 29/58 | €321,113 | €357,880 | +€36,767 | +11.4% |
| Amounts receivable within one year | 40/41 | €282,019 | €271,816 | -€10,203 | -3.6% |
| Trade receivables | 40 | €99,769 | €32,367 | -€67,402 | -67.6% |
| Other amounts receivable | 41 | €182,250 | €239,449 | +€57,199 | +31.4% |
| Cash at bank and in hand | 54/58 | €11,124 | €4,464 | -€6,660 | -59.9% |
| Deferred charges and accrued income | 490/1 | €27,970 | €81,600 | +€53,630 | +192% |
| Total equity and liabilities | 10/49 | €534,879 | €542,900 | +€8,021 | +1.5% |
| Equity | 10/15 | €253,724 | €243,835 | -€9,889 | -3.9% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €20,510 | €20,510 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €14,310 | €14,310 | = | 0.0% |
| Profit (loss) carried forward | 14 | €171,214 | €161,325 | -€9,889 | -5.8% |
| Amounts payable | 17/49 | €281,155 | €299,065 | +€17,910 | +6.4% |
| Amounts payable after more than one year | 17 | €24,908 | €8,647 | -€16,261 | -65.3% |
| Financial debts | 170/4 | €24,908 | €8,647 | -€16,261 | -65.3% |
| Amounts payable within one year | 42/48 | €256,247 | €290,418 | +€34,171 | +13.3% |
| Current portion of amounts payable after more than one year | 42 | €33,880 | €34,982 | +€1,102 | +3.3% |
| Trade debts | 44 | €144,718 | €171,641 | +€26,923 | +18.6% |
| Suppliers | 440/4 | €144,718 | €171,641 | +€26,923 | +18.6% |
| Taxes, remuneration and social security | 45 | €77,649 | €83,795 | +€6,146 | +7.9% |
| Taxes | 450/3 | €8,526 | €7,094 | -€1,432 | -16.8% |
| Remuneration and social security | 454/9 | €69,123 | €76,701 | +€7,578 | +11.0% |
| Remuneration, social security and pensions | 62 | €428,799 | €400,394 | -€28,405 | -6.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,178 | €37,646 | +€13,468 | +55.7% |
| Other operating charges | 640/8 | €937 | €12,338 | +€11,401 | +1,217% |
| Gross operating margin | 9900 | €503,252 | €453,702 | -€49,550 | -9.8% |
| Operating profit (loss) | 9901 | €49,338 | €3,324 | -€46,014 | -93.3% |
| Financial income | 75/76B | €188 | €6 | -€182 | -96.8% |
| Recurring financial income | 75 | €188 | €6 | -€182 | -96.8% |
| Financial charges | 65/66B | €12,410 | €12,676 | +€266 | +2.1% |
| Recurring financial charges | 65 | €12,410 | €12,676 | +€266 | +2.1% |
| Profit (loss) for the period before taxes | 9903 | €37,116 | -€9,346 | -€46,462 | |
| Income taxes | 67/77 | €9,077 | €543 | -€8,534 | -94.0% |
| Profit (loss) for the period | 9904 | €28,039 | -€9,889 | -€37,928 | |
| Profit (loss) for the period to be appropriated | 9905 | €28,039 | -€9,889 | -€37,928 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.